Elon Musk has secured additional funding to acquire Twitter, filings say
Posted on AllSides May 25th, 2022
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Dado Ruvić/Reuters
Elon Musk has secured additional funding to purchase Twitter, according to financial filings made public on Wednesday, moving the billionaire closer to completing the high-profile deal.
The Tesla CEO said in the regulatory filings he has increased his personal funding of the purchase from $27.3bn to $33.5bn and secured an additional $6.25bn in equity financing, reducing the amount of debt the entrepreneur would take on in the $44bn purchase.
The world’s richest man is also in talks with shareholders, including former Twitter CEO Jack Dorsey, for additional financing commitments to fund the...
